Core Scientific – The US Data Center Operator Hits a Billion-Dollar Deal with AMD, Making a Loss Fade!

Core Scientific reports a huge quarterly loss – and no one cares because alongside it stands an AMD deal worth potentially $14 billion. 15-year contracts transform the former crypto miner into a predictable AI landlord. But beware: The big numbers are options, only a fraction is secured. Curiously, the deal drives CORZ up, while AMD falls in the chip sell-off. Contract Beats Loss The amount that overshadows everything in this report is the potential $14 billion in contractually secured revenues from a new partnership with chip manufacturer...